HANetf Unveils Europe’s First Leveraged Crypto ETCs

Hanetf, which is traded by the White Stock Exchange in Europe (ETCS), has launched a short strategy of Bitcoin, providing new tactical trading tools less expensive than betting or contracts against betting on the flying Crypto assets.

the 2x bitcoin etc (2LBT)and 2x ethereum etc (2LT) and 2x short bitcoin etc. (2sbt) The Sweden Nasdaq Stock Exchange was included with the total expenses (TERS) by 2 %.

Nick Pinkovsky, co -founder and CEO of Hanetf, said that the offering of summons and short products was a “natural development” for the encrypted currency market.

Pinkovsky said: “Whether it is bullish or declining on Bitcoin and Ethereum, these things provide a transparent, organized and effective way to move in short -term market movements,” Pinkovsky said.

HANETF already offers a range of nine products circulating in the exchange of encrypted currency (ETPS) with combined assets of more than $ 1.6 billion, making a great contribution to the London -based company’s revenue.

Bitcoin and Ethereum prices rose strongly after President Donald Trump returned to the White House in November with a pledge to ensure that the United States would become the capital of encryption in the world. Trump signed an executive order in January to support digital assets, Blockchain technology and another in March to create a national stock of encrypted currency.

However, the price of Bitcoin has declined since then, as it decreased from above 109,000 dollars in January about 80,000 dollars, as investors were negatively interacting with Trump’s announcement on March 6 that the US government will not spend new money to buy more bitcoin to obtain a strategic reserve.

The price of Ethereum decreased, as it fell towards a sign of $ 2000 after reaching a peak above $ 4,800 in November 2021, according to Coindsk data provider.

Severe fluctuations associated with cryptocurrency prices have prompted many financial organizers to issue strong warnings about the risks of investment in digital assets.

In January, the Bank of England said that cryptocurrency carries “great risks” for investors.

The Bank of England said: “With the absence of banks or central salads to protect you, if your money is stolen or worse, no one is responsible for helping you restore it,” said Bank of England.

However, such warnings were not largely effective in cooling the investor’s interest or deterring asset managers from obtaining exposure to the asset category.